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Mary (single) has $60,000 taxable income and $6,000 interest from City of Bloomington Bonds. Which of the following is correct? A. Mary's marginal tax rate
Mary (single) has $60,000 taxable income and $6,000 interest from City of Bloomington Bonds. Which of the following is correct? A. Mary's marginal tax rate is 22% and her average rate is 14.7\%. B. Mary's marginal tax rate is 12% and her average rate is 13.4%. C. Mary's marginal tax rate is 22% and her average rate is 13.4%, D. Mary's marginal tax rate is 22% and her average rate is 13.6%
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